QUESTION
What are the statute of limitations for credit card companies?
Asked on Oct 27th, 2011 on Bankruptcy - Georgia
More details to this question:
What are the statute of limitations for credit card companies? Can they still collect from me after they were charged off my credit report after 10 years? Can they still go to a collection agency and will it affect my credit?
2 ANSWERS
Family Law Attorney serving McDonough, GA
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South Atlanta Family Law
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The statute of limitations is 4 or 6 years depending on whether it is treated as a breach of contract or suit on account. You can assert "expiration of the statute of limitations" as a defense to your claim.
Answered on Nov 05th, 2011 at 1:49 AM
Bankruptcy Chapter 11 Attorney serving Dacula, GA
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Chronister Law Firm, LLC
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The limit is 6 years from the last transaction that occurred between you and the creditor.
Answered on Oct 28th, 2011 at 4:43 PM